Ashland Massachusetts Real Estate Market October 2014
Do you want to see what has taken place in the Ashland Real Estate market for the month of October along with year over year comparisons? Take a look at our report of the Ashland MA real estate market. While looking a the report you can also visit real estate found in Ashland MA, where you will find out why Ashland is a popular choice for home buyers including information on town history, schools, demographics and more.
Real Estate Activity For October 2014 vs October 2013
In October of 2014 there were 11 homes that closed within the month for Ashland MA Real Estate. This was a decrease of 2 units, as there were 13 homes that closed in October of 2013.
The average list price for the homes that closed for October of 2013 was $402,915
The average list price for the homes that closed for October of 2014 was $397,891
The average sale price for the homes that closed for October of 2013 was $391,338
The average sale price for the homes that closed for October of 2014 was $394,136
The average market time for the homes that closed for October of 2013 was 46 days.
The average market time for the homes that closed for October of 2014 was 53 days.
Homes Under Contract For October 2014
6 homes went under agreement in the month of October. The average list price of the homes that went under contract was $400,117. The average time on the market for these homes were 78 days. October was a slower month for homes going under agreement.
January 2011 – 2013 Final Year Real Estate Market Statistics For Ashland Massachusetts
For the period of January to December of 2012 there were 153 properties sold.
For the period of January to December of 2012 there were 129 properties sold.
For the period of January to December 2011 there were 96 properties sold.
For the period of January to December in 2013 the average list price was $394,724 the average sale price was $387,466, the average market time was 69 days.
For the period of January to December in 2012 the average list price was $364,037 the average sale price was $354,900 and the average market time was 104 days.
For the period of January to December in 2011 the average list price was $393,090, the average sale price was $383,811 and the average time on the market was 96 days.
Current October Home For Sale Inventory Levels
The are currently 27 homes on the market. The average list price of these homes for sale is $489,202. The average days on the market is 210. The amount of homes for sale decreased by ten homes for sale over last months levels. Inventory levels had been trending in a fairly tight range but a drop of ten homes for sale is quite substantial. The amount of homes for sale is currently around the yearly lows.
Ashland MA Real Estate Market Analysis
Real Estate Analysis For 2013
In 2013 the Ashland Real Estate market had a very large increase in the number of sales compared to 2012. The real estate market in Ashland was very different than in previous years as was the case for numerous towns in the Metrowest area. The market in fact turned from a buyers market into a full fledged sellers market. What we saw was a market shaped by low inventory combined with exceptionally attractive interest rates.
The beginning of the 2013 real estate market was actually shaped by homes going under contract super fast and close to asking prices. In a number of cases there were homes that sold in the first couple of weeks they were for sale. In some circumstances buyers were under pressure to pay more than asking prices as multiple bidders on a property was not uncommon. The latter half of 2013 settled into a more balanced market.
Home inventory levels have been consistently below the averages of the last 4-5 years throughout the entire past year.
Low home inventory levels are always a good sign for those considering to sell their property as they typically will bring up housing prices. Moving into 2014 we are set up to see a very similar Spring market that we experienced last year. Inventory right now is at the lowest I have seen in my twenty seven years in the business.
For 2013 there were 153 sales. In 2012 there were only 129 so Ashland saw a significant jump in their sales volume.
Current 2014 Real Estate Analysis
Ashland has been remarkable similar this year when compared to last. While the market at the beginning of the year started slow it has almost caught up to the amount of sales as last year. There has been a steady amount of homes sold each month. The number of homes for sale currently is as low as it’s been all year. Market activity however has slowed quite a bit and probably will remain that way as it traditionally does during the holiday season.
One thing that has already become apparent is a slow down in the number of people looking at homes. Showing activity has dropped considerably.
Ashland had an average month for closed transactions in October with eleven sales. This was a similar amount of sales as last year when there were thirteen.
Year to date sales vs last year
There have been 126 homes sold through October. As of this same time last year there were 132 homes sold.
The above Ashland Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.
Click the link to see all Ashland Mass Homes For Sale.